The ONE Group Hospitality, Inc. (NASDAQ:STKS – Get Rating) – Stock analysts at Wedbush decreased their Q3 2022 EPS estimates for shares of ONE Group Hospitality in a research report issued to clients and investors on Thursday, September 15th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.19. The consensus estimate for ONE Group Hospitality’s current full-year earnings is $0.66 per share. Wedbush also issued estimates for ONE Group Hospitality’s Q2 2023 earnings at $0.18 EPS.
ONE Group Hospitality (NASDAQ:STKS – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $81.13 million for the quarter, compared to the consensus estimate of $77.46 million. ONE Group Hospitality had a return on equity of 35.49% and a net margin of 8.17%.
ONE Group Hospitality Price Performance
STKS stock opened at $6.97 on Monday. The firm’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.85. ONE Group Hospitality has a 12-month low of $6.54 and a 12-month high of $16.44. The stock has a market capitalization of $227.56 million, a price-to-earnings ratio of 9.29 and a beta of 2.39. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.
Institutional Trading of ONE Group Hospitality
A number of institutional investors and hedge funds have recently bought and sold shares of STKS. Dimensional Fund Advisors LP grew its stake in shares of ONE Group Hospitality by 54.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 114,417 shares of the restaurant operator’s stock worth $1,443,000 after buying an additional 40,529 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of ONE Group Hospitality by 174.6% during the 4th quarter. BNP Paribas Arbitrage SA now owns 10,910 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 6,937 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of ONE Group Hospitality during the 4th quarter worth about $276,000. Alberta Investment Management Corp purchased a new position in shares of ONE Group Hospitality during the 4th quarter worth about $417,000. Finally, ClariVest Asset Management LLC purchased a new position in shares of ONE Group Hospitality during the 4th quarter worth about $633,000. 39.70% of the stock is currently owned by institutional investors.
ONE Group Hospitality Company Profile
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
- Get a free copy of the StockNews.com research report on ONE Group Hospitality (STKS)
- Tax Credits are the Incentives in the Inflation Reduction Act
- Stock Market: 3 Islands Of Strength In A Sea Of Red
- 3 Banks Worth Considering For Q4
- Is There a Cure for What is Ailing Teladoc Stock?
- MarketBeat: Week in Review 9/12 – 9/16
Receive News & Ratings for ONE Group Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Group Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.